I hate budgeting just as much as the next shopaholic, but I’ve learned it’s really important to honestly and consistently budget. It’s really the only way to make sure I have enough money to eat at the end of the month.
Instead of budgeting on loose pieces of paper and sticky notes like I used to, it’s best to have an actual notebook dedicated to budgeting—or at the very least a planner with a built-in budgeting section. If you want to be financially responsible and literate, I recommend choosing one of the following budget trackers.
After using this budget book, I highly recommend it to every single 20-something fresh out of school. Actually, I think even college-age students could benefit from it. The Erin Condren Monthly Budget Book breaks everything down—and I do mean everything. The practice of writing down your expected income and your expenses is good for learning what it really means to budget.
Warning though: It will make you feel shame for any senseless spending. Within 20 minutes of writing in the month of May, I wanted to scold myself for the $9-worth of ATM fees and $130 spent eating out. However, it’s the exact kind of rude awakening I needed, and I’ll now be much more aware of when and how I’m spending my very limited, very precious dollars.
Each month has an entire page with every category broken down, plus room for you to write in your own categories. The boxes are small because the notebook is small, but that’s the price you pay for a portable budget book. I’ve already run into the issue of needing to add on more money to certain sections, but with teeny-tiny handwriting and some whiteout, I can keep it all updated and under control. There’s also a monthly saving goal page at the start of the notebook. Having this page first is a subtle reminder that saving should come first. There’s a slot for your saving goal and then the actual deposit you make. Simple, but to the point.
The Monthly Budget Book ends with a contacts page, passwords page, and a debt management tracker, which is like the savings goal page. In the Debt Management Tracker, you write down your starting balance including all debts, the debt being paid off, how much you owe, your payment, the date, the new balance, and the remaining balance. You can use this page to track the payments you’re making on multiple debts, and the layout shows you visually how you’re dividing your debt payments among them.
Bonus Erin Condren Option: Monthly Bill Tracker Dashboard
Well, this may not exactly be made of paper, but the Monthly Bill Tracker dashboard from Erin Condren does work perfectly in tandem with your Monthly Planner or LifePlanner from Erin Condren. This dashboard provides you with a useful chart to track up to 22 monthly bills and their amounts every month of the year. You can use the quarterly section on the bottom to track quarterly bills, and the entire backside of the dashboard is for tracking your savings. The graph on the back allows you to monitor your progress for multiple things should you need in many different ways. You can use bar graphs to track your savings growth for multiple accounts and events, or you can make a line graph to track the growth of just one. The best part? You can wipe it all clean and start over if you want to.
XO Planners’ Monthly Finance Pages
The monthly budgeting pages in XO planners is simple and effective. It includes space for you to log your total income, savings, expenses, and even debt. There’s also a chart for you to log all of your planned expenses (bills) and when they’re due.
There’s also a space for you to write down your financial goals and priorities, which is incredibly important. Your financial priorities, like rent and dog food, have to always come before your goals, like saving $200 extra bucks. Unfortunately, it tends to be easy to forget to think of those priorities when also setting your goals. That’s why it’s so awesome that XO Planners included it in the financial pages.
Another huge part of the budget planning here are the two columns for you use to write down the things you want to purchase and the things you need to purchase. This distinction tends to end up the same way as financial priorities, so it’s very beneficial to have that monthly reminder to differentiate your shopping list. I know that thinking of a purchase through the lense of want vs. need makes all the difference in how I spend. Plus, it helps you stay within budget.
Budget planning and tracking can be a little bit much for some, and that’s understandable. If you’re one of those people, then the Personal Bank Organizer from ModCloth might be more your style. With this organizer, you just track your spending and keep your receipts. It’s not meant to track your income or your savings.
If you simply want to be more aware of where and how you’re spending money so you can better understand your personal spending habits, then I recommend the Personal Bank Organizer. It’s even more useful since it has an accordion folder for you to stash your receipts. You can organize your receipts by type or by week if you want. The important thing is that it keeps all of your receipts out of your wallet so things don’t get lost or messy. If you want, you can even turn this into a savings tracker if you want to try adding a small amount of money to savings every week.
Start Planner Midyear Hustle Weekly Planner
This isn’t just a financial planner; Start Planner’s Midyear Hustle Weekly Planner has a great monthly budget section compared to most regular planners. In the monthly page, there’s a section for you to write down your financial goals for the month, your projected income and expenses, your weekly financial goals, as well as your actual total by the end of the month.
It’s not super detailed, but it hits the highlights and provides a space for you to map out your budget in terms of income, expenses and savings. And that’s the important stuff. Most of us do a monthly budget broken down into our planned spending anyway, so this can be the exact tool you need. It beats the hell out of jotting it all down into the margins of your planner or on post-it notes (guilty!).
The added weekly goals breakdown is particularly useful. This helps you think of your spending by the week, which is crucial when you’re budgeting for things like gas and food and social events. It’s easy to forget about those survival expenses and random things that come up throughout the week when budgeting at the beginning of the month. It’s also easy to overlook those expenses when you look back over the month to see how well you’ve done.